Prague's cash surplus sparks debate over new Czech National Bank savings account

The Czech National Bank launched a savings account for municipalities that promises better returns than commercial banks while preserving immediate liquidity. Prague's treasury contains a sizable amount of unused cash, a point repeatedly highlighted by Finance Minister Alena Schillerová. ODS candidate Tomáš Portlík denounced the minister's call for the city to deposit its funds as presumptuous, noting the city already holds some money at the central bank.

ANO candidate Jan Hušbauer argued that the decision should be driven by comparative financial terms rather than partisan considerations. Other local leaders, including Petra Hlaváček and Tereza Nislerová, noted that the new option could strengthen Prague's negotiating position with commercial banks and improve overall fiscal efficiency.